Spend Less

One important benefit of minimal living is the simple reality that it costs less. As you accumulate fewer things, you spend less money. Additionally, it costs much less to store them, maintain them, repair them, clean them, and even discard them. And as your affection for physical possessions begins to fade, you’ll find far more opportunity to use your finances in other ways.

Many people believe the secret to financial freedom is earning more money. Unfortunately, when we begin to make more money without spending restraints in place, we just spend more money… this truth has proven true over and over again (maybe even in your own life). Conversely, the reverse is probably more true: the secret to financial freedom is actually spending less. It’s the simplest solution to (almost) all your money problems.

Live a life that accumulates only the essential often results in the financial freedom you’ve been searching for.

Joshua Becker

About Joshua Becker

Writer. Inspiring others to live more by owning less.
Bestselling author of Simplify & Clutterfree with Kids.

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Comments

  1. Natalie says

    Hi! Just found your blog today and I’m loving the idea of minimalism. I used to think that I would miss all my material items, but recently I’ve been selling a lot of my things (I’m a horrible hoarder; I can never throw things away!) and I haven’t noticed the difference at all as I barely used them. In fact I’m loving all the extra space! I am definitely going to try and minimize the amount of possessions I have and I will be keeping up with your blog, Thanks!

    • di says

      Imagine how much money you could have saved with compounded interest.

      It’s difficult to get back all the money you’ve spent. You’re lucky if you can get half of what you originally spent on an item.

      Best not to spend it in the first place.

  2. says

    Amusingly enough, frugality is in essence how I ended up minimalist. My last year of college I was looking for ways to save money after graduation, and ran into, if memory serves, Leo’s website mnmlist. Started reading, eventually found you and Tammy Strobel and Joshua Millburn, and the more I read the more I liked it and felt in tune with the whole thing. Didn’t actually take any steps towards becoming minimalist until roughly a year after graduation (around the beginning of this month) but now the more I do, the more I like it.

  3. Barbara Robinette says

    In the 1970s, Ernest Callenbach wrote a book called “Living Poor with Style.”

    It made a difference in my life and I enjoy checking your website for talk on living with and for less stuff.

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  5. says

    Just discovered your blog a few minutes ago and have started reading about being a Minimalist. I’ll continue reading your blog as there’s great stuff here. I have a blog on declutter and I’m always on the look out for content I could get ideas from.

    Great content. I’ll be returning often.

    Keep up the great job.

  6. Arthur says

    I enjoyed reading your articles on minimalist living for the last couple years. It opened my mind to an alternative life style. You provided the tools to snap me out of this vicious cycle we live in. Practicing a minimalist life is challenging but spiritually
    rewarding experience. Keep up the good work and thank

  7. says

    I’ve just started a concentrated effort at reducing our stuff in hopes of moving my family of six into a smaller (800 sq. ft) home! I spend too much time and energy picking up the stuff we all leave lying around because there’s not enough storage and am realizing that the problem is too much stuff rather than too few closets! It feels AMAZING to let go, to clear out spaces that have been packed full of …just stuff! Your blog is a great help!

  8. Connie says

    I started reading your blog 2 years ago (the time when I renovated my one-bed room apartment); I had to move out and packed all my stuffs before renovation. I paid extra $$ for storage during the renovation period. Eventually, most of these items can be “let go”. I really admired your way of living, although I am not yet a minimalist (I wish I could). I tried to spend less money on materialized item and donated most of the new unused item to the charities (which I have bought for years but never use them). I know it’s a long way to go… Thanks for sharing; I really enjoy reading your articles.

  9. Kenny says

    There are two ways to be rich. Have more than you could possibly spend (wont happen!) or–be satisfied with what you have (or less).

  10. says

    Hi there! This blog post couldn’t be written any better!

    Going through this post reminds me of my previous roommate!
    He continually kept talking about this. I will send this information to him.

    Fairly certain he’s going to have a very good read. Thanks for sharing!

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